And there was a recorded instance of futures selling in olive oil in Ancient Greece.
But to the GPs point, while there were contracts, there were no tradeable claims, no capital markets and no professional management separate from the ownership, all of which we associate with the early British and Dutch trading companies and eventually railroads and industrial concerns.
But to the GPs point, while there were contracts, there were no tradeable claims, no capital markets and no professional management separate from the ownership, all of which we associate with the early British and Dutch trading companies and eventually railroads and industrial concerns.